Fred, a Supervisor at JK Inc

question 71

Multiple Choice

Fred, a supervisor at JK Inc., is drafting a report on his department's estimated expenses for the coming fiscal year and the precise allocation of available capital to areas such as rent, employee wages, and insurance. Fred is most likely formulating a(n) ________.

• A) strategic plan
• B) contingency plan
• C) strategic budget
• D) operating budget

---

Definitions:

Felony

A serious criminal offense that is punishable by death or imprisonment for more than one year.

Imprisonment

The state of being confined in prison as a punishment for crimes committed.

Monopoly Power

The ability of a single company or entity to control or dominate an industry or sector, reducing competition.

Market Share

The portion of a market controlled by a particular company or product.